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Crestwood, KY—40014

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$454,000
4.9% YoY Growth
Household Income
$119,000
11.1% YoY Growth
Days on Market
63
14.0% Shorter YoY
Home Price Forecast
1.3%
Median Rent
$1,420
25.8% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,000
10.8% YoY Growth
3-Bed Rent
$2,000
10.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Crestwood, KY

As of Dec '25, the median home price in Crestwood, KY is $454,000, with a year-over-year change of 4.9%. This indicates that home prices in Crestwood, KY are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$454,0004.9%
Single Family $466,0004.7%
Condos $234,0005.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$242,0004.3%
    3 Bed
    		$388,0005.4%
    4 Bed
    		$548,0004.8%
    5 Bed $709,5973.2%
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    % of Housing Stock

    Studio
    0.3%
    1 Bedroom
    2.3%
    2 Bedrooms
    13.4%
    3 Bedrooms
    36.4%
    4 Bedrooms
    34.9%
    5+ Bedrooms
    12.7%

    Rental Trends — Crestwood, KY

    As of July '25, Rentcast reports the average rent in Crestwood, KY is $1,550, with a year-over-year rent change of -25.8%. Per bedroom, the median rent as of July '25 in Crestwood, KY is 2-bedrooms: $1,160, 3-bedrooms: $2,050, 4-bedrooms: $2,240. The most common rental property sizes in Crestwood, KY are 2-bedroom and 3-bedroom, accounting for 49.0% and 38.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,420$1,550
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,000$1,160
    3 Bed Rent $2,000$2,050
    4 Bed Rent $2,000$2,240
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    % of Rental Stock

    Studio
    1.4%
    1 Bedroom
    9.3%
    2 Bedrooms
    49.0%
    3 Bedrooms
    38.0%
    4 Bedrooms
    2.3%

    Property Listings — Crestwood, KY

    As of Dec '25, Realtor.com reports that the median days on market for a home in Crestwood, KY is 66. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$585,000-9.0%
    Listing Count
    		62-16.0%
    Listings as % of Homes0.6%-16.0%
    Days on Market
    		63-14.0%
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    Demographics — Crestwood, KY

    As of the latest ACS Survey released in 2023, Crestwood, KY has a population of 23,000, which has increased by 6.6% over the past 5 years. Crestwood, KY is a popular place for families, as children make up 26.6% of the population. The area has a highly educated workforce, with 46.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		23,0006.6%
    % Under 18
    		26.6%-3.6%
    % Seniors
    		14.1%22.6%
    % WFH
    		17.8%217.9%
    % w/ College Degree
    		46.9%1.1%
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    As of the latest ACS Survey released in 2023, Crestwood, KY is a predominantly white area, with 88.5% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Crestwood, KY is hispanic, making up 4.7% of the population. Foreign-born residents account for 3.7% of the population in Crestwood, KY, and this percentage has decreased by 9.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		88.5%-1.9%
    % Black
    		1.5%-16.7%
    % Hispanic
    		4.7%-9.6%
    % Asian
    		1.2%-14.3%
    % Foreign Born
    		3.7%-9.8%
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    Mortgage and Risk — Crestwood, KY

    According to HUD data as of 2023, there were 458 mortgage originations in Crestwood, KY, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Crestwood, KY. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		458
    % Conventional Loans
    		89.0%
    % Government Loans
    		11.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Crestwood, KY

    Crestwood, KY lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		46
    Total Units Section 8
    		46
    % Rentals under Section 8
    		5.8%
    % Occupied Section 8
    		66.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,270
    2 Bedroom$540$1,000$1,540
    3 Bedroom-$20$2,000$1,980
    4 Bedroom$300$2,000$2,300

    Affordability — Crestwood, KY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.5
    Median Home Price$454,000
    Median Household Income$119,000

    Crestwood, KY — ZIP Code Boundary Map

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    Frequently Asked Questions